2012 IRS mileage rates are out

The rates are:

• 55.5 cents per mile for business miles driven;
• 23 cents per mile driven for medical or moving purposes; and
• 14 cents per mile driven in service to charitable organizations.

The business rate is the same as the mid-2011 adjustment that took effect on July 1. The rate for medical and moving miles actually fell by 0.5 cents per mile.


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